SUMMARY

Although we audit the University of Wisconsin System as a major element of our audit of the State’s overall financial statements, at the request of university management we also provide a separate audit opinion on the stand-alone financial statements. These statements provide additional detail on the University of Wisconsin System’s finances, which allow comparisons to other major university systems and a more thorough evaluation by the Board of Regents and other interested parties. We provided unqualified opinions on the statements audited in 2011 and 2012.